Metro Brands Limited IPO Review, Date, GMP, Price, Lot Size, Apply

Metro Brands Limited IPO will open on 10th December 2021. Started back in 1955, Metro Brand is one of the largest brands in the footwear category in India. Let’s analyse this IPO in detail.

Metro Brands Ltd IPO Review - Should you subscribe?
Metro Brands Ltd IPO Review – Paisakaudi

Key Features of Metro Brands IPO

  • Metro Brands IPO will open on 10th Dec 2021
  • You can apply in this IPO from 10th Dec 2021 to 14th Dec 2021
  • Issue Price band of the company is Rs. 485 – 500 per equity share.
  • This IPO comprises fresh issue of equity shares worth Rs. 295 crore and offer for sale (OFS) of 2,14,50,100 equity shares by promoters and existing shareholders.
  • It has a minimum 30 shares in one lot and you have to spend a minimum ₹15,000 for 1 lot.
  • Metro Brands IPO is looking to raise ₹ 1367 crores through this IPO.

What is Metro Brand Ltd

  • Established in 1955, Metro Brands Limited is India’s one of the biggest footwear retailers.
  • They have brands like Metro, Mochi, J.Fontini, Walkway and Da Vinchi also have many third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop.
  • They operate 586 Stores across 134 cities spread across 29 states and union territories in India.
  • Metro brands is backed by Mr. Rakesh Jhunjhunwala.
  • They have a very good brand presence on the web and other channels.
  • Rafique Malik is the Chairman of the company.
  • On the revenue front, the company is consistently in profit for the last three years which is a positive sign for the investors.

Click here to Read about MapmyIndia IPO Review

Metro Brands IPO Conditions to know before Investing, Date, Lot Size, Allotment

IPO Start Date10 December 2021
IPO Close Date14 December 2021
Share Allotment Date17 December 2021
Refunds Date20 December 2021
Credit to Demat Account Date21 December 2021
IPO Listing Date22 December 2021
Fresh Equity Share IssueApprox ₹ 295 crores
Offer For Sale (OFS) Equity ShareApprox 2,14,50,100 equity shares
Face Value₹ 5 Per Equity Share
Price Band₹ 485 – ₹ 500 Per Equity Share
Retail Quota Share35%
QIB Quota50%
NII Quota15%
Listing onNSE & BSE
Minimum Lot Size30 Share in 1 Lot
Minimum Amount₹ 15,000 For 1 Lot
Maximum Lot Size390 Shares (13 Lot)
Maximum Amount₹ 1,95,000 (For 13 Lot)
Employee Discount NA
Metro Brands Ltd IPO – Key points to know before investing

Metro Brands IPO Financial Report of 2019,2020 & 2021

Company is consistently making profit for the last three years which is a positive sign for the investors.

YearRevenueExpensePAT (Profit After Tax)
2021₹ 8785₹ 794 ₹ 65
2020₹ 1311₹ 1093 ₹ 161
2019₹ 1237₹ 1009 ₹ 153
Metro Brands Revenue Report (Figures are in Crores) – Paisakaudi

Retail Investors, QIB & NII quota in Metro Brands IPO

Metro Brands PO’s 50% quota is reserved for the QIB category. 15% quota is reserved for NII Category and 35% quota is reserved for retail investors.

How to Apply in Metro Brands IPO

  • You can apply for the Metro Brands IPO through the ASBA facility available in your bank account.
  • Just login to your online banking. GO to the IPO section and apply for Metro Brands IPO
  • Also you can apply this IPO through your trading account
  • One more way to apply in this IPO is through forms which you can download from NSE and BSE website.
  • After downloading forms, fill it properly and submit it to the respective banks or to your broker.

How to apply for the Metro Brands IPO through Zerodha?

  • Login to your console in Zerodha through desktop or app.
  • Then go to your portfolio and click on IPO.
  • You will see Metro Brands IPO
  • Then click on the bid button.
  • After this enter your UPI ID, price and quantity (lot size)
  • Click the submit button.
  • At last you have to go to your UPI app to approve the mandate.

How to apply for the Metro Brands IPO through Upstox?

  • Login to your Upstox account through desktop or app.
  • You will see the name Metro Brands IPO
  • Then hit the bid button.
  • Click the submit button.
  • At last you have to go to your UPI app to approve the mandate.

Allotment Status For Metro Brands IPO

You can check Metro Brands IPO allotment status on Registrar and Transfer Agent Website

Also you can check the allotment status on NSE Website

Metro Brands IPO Promoters

  • Rafique A. Malik
  • Farah Malik Bhanji
  • Alisha Rafique Malik
  • Rafique Malik Family Trust
  • Aziza Malik Family Trust

Metro Brands IPO Lead Managers

  • Ambit Private Limited
  • Axis Capital Limited
  • DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)
  • Equirus Capital Private Limited
  • ICICI Securities Limited
  • Motilal Oswal Investment Advisors Pvt Ltd

Metro Brands IPO contact information

Metro Brands Limited
401, Zillion, 4th Floor,
LBS Marg & CST Road Junction, Kurla (West),
Mumbai- 400 070, Maharashtra, India

  • Phone: + (91) 22 2654 7700
  • Email:
  • Website:

Metro Brands IPO Registrar Contact Information

Link Intime India Private Ltd

  • Phone: +91-22-4918 6270
  • Email:
  • Website:

I hope this covers all the information on Metro Brands Ltd IPO. Please feel free to ask any doubt in the comment box.

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